Market News
KASE to Hold Special Auction for Kazakhstan Sustainability Fund Bonds
On September 3, the Kazakhstan Stock Exchange will hold a special auction to place 10 million coupon bonds issued by the Kazakhstan Sustainability Fund. This is a new commercial bond issue on KASE's main platform.
Arbitrator Clears Gemini of Fault in Earn Lending Program Collapse
An independent arbitrator ruled that crypto exchange Gemini was not at fault for the collapse of its Earn lending program and did not mislead users. The decision could influence ongoing legal proceedings involving the platform.
Aon to Acquire USI, Aiming to Build Top Middle-Market Insurance Platform
Insurance broker Aon announced it will acquire rival USI to build what it calls the top U.S. middle-market insurance platform. The company's CEO called the deal a strategic move to strengthen its position in a competitive industry.
Entegris Shares Jump on Rising Semiconductor Materials Demand
Shares of chip materials and equipment maker Entegris rallied on news of stronger demand from the semiconductor industry. The company is benefiting from a broader recovery in chip manufacturing and rising investment in AI chip production. Investors are turning increasingly bullish on the sector's outlook.
US-Iran Strikes Send Oil Higher, Drag Down Dow Jones
Fresh military strikes exchanged between the US and Iran triggered a sharp jump in oil prices and pushed the Dow Jones lower. Investors are rotating into safe-haven assets as Middle East tensions escalate. Market volatility has risen noticeably.
GameStop Posts Lower Sales but Higher Profit in Q2
GameStop released preliminary second-quarter fiscal 2026 results showing declining revenue alongside improved profitability. The retailer continues its business transformation away from traditional gaming sales. Retail investors who have long followed the meme stock will be watching the strategy closely.
Analysts Favor IREN Over Nebius for AI Infrastructure Exposure
Analysts are comparing two AI and crypto-mining infrastructure plays, IREN Limited and Nebius, and see IREN as the more attractively valued option. Both companies are riding the wave of demand for AI data centers. The comparison highlights how investors are weighing growth versus valuation in the booming AI infrastructure space.
Bitcoin and Ethereum Drop on Rate Hike Expectations
The crypto market came under pressure as expectations of a Fed rate hike grew. Bitcoin and ethereum both declined at the start of the week amid broader risk-off investor sentiment.
KASE Index Slips 0.13% in Last Trading Day of August
Kazakhstan's benchmark KASE Index closed at 8,121.46 points, down about 10 points from the previous session. Trading volume in blue-chip shares also fell nearly 14% day-on-day. The index swung between roughly 8,094 and 8,135 points during the session.
Silver Opens Lower Amid Rising Rate Hike Expectations
Silver prices opened lower this week as expectations of a Fed rate hike intensified. Precious metals lose appeal when returns on alternative assets rise.
KASE Launches Trading in Broadcom and California Resources Shares
Starting September 1, Kazakhstani investors can trade shares of US companies Broadcom and California Resources Corporation directly on KASE. Both stocks are quoted in US dollars, expanding the exchange's roster of foreign securities. This gives local retail investors easier access to global tech and energy names.
Warsh Signals September Rate Hike, Analysts Say
Fed Chair Kevin Warsh's hawkish remarks at Jackson Hole boosted expectations for a September rate hike. Analysts note this stance could put the Fed at odds with the U.S. Treasury.